Job Market Remains Strong The job market remains strong even in the face of trade disputes and labor strikes as US employers hired at a solid clip in October. The economy added 128,000 jobs in October, as reported by the Labor Department and job creation in September and August were revised up by a net [...]
General Business Conditions Index Largest Monthly Decline on Record The headline general business conditions index largest monthly decline on record plummeted twenty-six points in June, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for June 2019 and business activity took a sharp downturn, according to firms responding to the survey. [...]
Manufacturing Conditions Improved in March The Federal Reserve Bank of Philadelphia released its March 2019 Manufacturing Business Outlook Survey and reports manufacturing conditions improved in the region this month. The indicators for general activity, new orders and shipments returned to positive territory while the employment indicator remained positive. US Raw Steel Production ACUR 82.9% In [...]
Personal Income Rose in June to 0.4% Personal income rose in June 0.4 percent and revisions to previously reported data show incomes rising a bit more rapidly, additionally, the saving rate was found to be double previous estimates and inflation came in a touch below forecasts. This data paints a much brighter economic picture. Wages rose [...]
US Raw Steel Production Rebounded Last Week US raw steel production rebounded 2.1% last week as mills operated at an ACUR of74.4%. In the corresponding week last year mills operated at an ACUR of 70.8%. Thus far this year mills have produced prox 70,000,000 tons compared to the prox 67,000,000 tons produced in the [...]
June Business Activity Rebounded Strongly in New York State Business activity rebounded strongly in New York State according to firms responding to the Federal Reserve Bank of New York Empire State Manufacturing Index Survey for June. The headline general business conditions shot up to its highest level in more than two years. The New Orders index [...]
The Federal Reserve Bank Will Be Raising Interest Rates The Federal Reserve Bank will be raising interest rates probably every quarter this year as the signs of an improving economy are everywhere. No one likes to pay more for money but at this point in time, were a recession to occur, the Fed would have [...]
The Federal Reserve, on Thursday, left short-term interest rates unchanged. The Conference Board Leading Economic Index The US Leading Economic Index (LEI) for the US increased 0.1 percent following no change in July and a 0.6 percent June increase.” The US LEI suggests economic growth will remain moderate into the New Year, with little reason [...]
